Great. Now when will the market really crash. Stagnant is good and all, but we need a market correction much much worse and more permanent than 2008 of the younger generation is ever to get ahead in life.
The funniest are the people that say there won’t be a crash and think that prices will never drop for houses. I guarantee these people are homeowners who were probably stupid enough to buy in the last 24 months. The Irish residential property market right now is a pyramid scheme and these people need everyone else to play along after them so they don’t lose their arse.
Market For Sale supply is increasing everywhere in Ireland since the start of the year (Rental is steadily falling). While there is demand i don’t think this is as high as it was a year ago, once the upside potential is gone ( we run out of buyers) investors will get out. Thanks to FG REITS can exit the market tax free, which they will do. If they exit at the same time this will tank the market with a supply shock. How to make money in the property market. Be first, be smarter or cheat and it sure is easier to be first. Sell it all today.
The people that are selling these 22,000 homes aren’t going to disappear or emigrate they’re selling a house to upsize or downsize these houses aren’t new houses it’s not increasing availability
Inflation is going to strangle supply and that will either send prices back up or keep them high, probably back up, the rental market is another story
I’m wondering then is Right Now as this very moment the worst time to buy.
The era of cheap interest rates is gone.
Impossible. Supply is low. Prices can only go up 😉
What we need is more NIMBY bashing and deregulation. Pesky fire regs. Sure what if a few more people get burnt to a crisp every year. Prices won’t go down until we increase supply. Its basic supply and demand.
Maybe things will change now, it’s a global downturn, so it will be interesting to see how it’s all going to pan out.
The analyses are done using the €/m² metric I hope…
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Great. Now when will the market really crash. Stagnant is good and all, but we need a market correction much much worse and more permanent than 2008 of the younger generation is ever to get ahead in life.
The funniest are the people that say there won’t be a crash and think that prices will never drop for houses. I guarantee these people are homeowners who were probably stupid enough to buy in the last 24 months. The Irish residential property market right now is a pyramid scheme and these people need everyone else to play along after them so they don’t lose their arse.
Market For Sale supply is increasing everywhere in Ireland since the start of the year (Rental is steadily falling). While there is demand i don’t think this is as high as it was a year ago, once the upside potential is gone ( we run out of buyers) investors will get out. Thanks to FG REITS can exit the market tax free, which they will do. If they exit at the same time this will tank the market with a supply shock. How to make money in the property market. Be first, be smarter or cheat and it sure is easier to be first. Sell it all today.
The people that are selling these 22,000 homes aren’t going to disappear or emigrate they’re selling a house to upsize or downsize these houses aren’t new houses it’s not increasing availability
Inflation is going to strangle supply and that will either send prices back up or keep them high, probably back up, the rental market is another story
I’m wondering then is Right Now as this very moment the worst time to buy.
The era of cheap interest rates is gone.
Impossible. Supply is low. Prices can only go up 😉
What we need is more NIMBY bashing and deregulation. Pesky fire regs. Sure what if a few more people get burnt to a crisp every year. Prices won’t go down until we increase supply. Its basic supply and demand.
Maybe things will change now, it’s a global downturn, so it will be interesting to see how it’s all going to pan out.
The analyses are done using the €/m² metric I hope…